ADB forecasts pace of economy to be slower in Asian region

MG News | December 11, 2019 at 11:11 AM GMT+05:00

0:00

December 11, 2019 (MLN): The Asian Development Bank (ADB), in its flagship economic publication Asian Development Outlook has forecasted that the pace of the economy will be slower in the Asian region. In the current year, the economy in Developing Asia is forecasted to be slower to 5.2%.

According to the new Asian Development outlook released today, China’s Economic growth will be 6.1%.

As per the report, Pakistan economy is stabilizing and is expected to perform well in the current fiscal year. Pakistan economy showed growth of 3.3% in the year ended June 30, 2019.

The report further updated that inflation is likely to increase in developing Asia. In Pakistan, inflation recorded an increase of 10 per cent in the first three months of the current fiscal year.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	167,085.58 225.68M	0.48% 802.03
ALLSHR	101,220.72 685.91M	0.47% 477.65
KSE30	50,772.02 134.57M	0.57% 290.16
KMI30	239,923.35 145.03M	0.77% 1831.31
KMIALLSHR	66,042.80 345.76M	0.65% 425.34
BKTi	45,106.39 29.18M	0.06% 24.91
OGTi	33,583.05 26.44M	1.52% 502.39

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	90,035.00	92,995.00 88,405.00	-2805.00 -3.02%
BRENT CRUDE	63.87	64.09 63.06	0.61 0.96%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	0.10 0.11%
ROTTERDAM COAL MONTHLY	97.25	97.25 97.25	0.05 0.05%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	60.21	60.50 59.42	0.54 0.91%
SUGAR #11 WORLD	14.82	15.02 14.73	-0.06 -0.40%